Amendment of section 3.

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..... at such other place as the Central Government" shall be substituted; (b) in sub-section (4), for the words "the Reserve Bank", the words "the Central Government" shall be substituted. - Clauses 159 to 174 of the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, throughout the Act, consequential amendments have been made to omit or substitute the refe .....

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..... vernment. It is also proposed to amend clause (d) of sub-section (1) of section 6 of the said Act so as to reduce the number of directors of the Reserve Bank of India to be part of the Board of Directors from "two" to "one". Certain further consequential amendments have been made to give reference of the Companies Act, 2013 and the Foreign Exchange Management Act, 1999 in pla .....

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